We've Got Stripes
February 18, 2013
What do a new American Airlines liver and a 7-11 brand overhaul have in common?
Did Those Bank CEOs Deliberately Skip Out on Obama?
December 21, 2009
The fundamental divide in opinion regarding our financial system is: Are the people running "large integrated financial groups" hapless fools, buffeted by forces beyond their comprehension and control; or do they know exactly how to ensure they get the upside and the awful, sickening downside is borne by society--including through high unemployment? Some light was shed on this issue by Monday’s meeting at the White House or, more specifically, by who didn’t turn up and why.
October 08, 2001
Earlier this year, while federal antitrust authorities were reviewing his company's proposed merger with United, US Airways CEO Rakesh Gangwal acknowledged that "there [was] no plan B" should the deal fail. The claim was surprising given that corporate executives usually pretend to be optimistic even in the worst of times. But Gangwal could no longer pretend. Though US Airways had improved since the 1980s, when it was beset by chronic delays and lost baggage, it still faced a daunting problem. With its generous pilot salaries and posh airplanes, US Airways had the cost structure of a lucrative
Paint It Black
September 03, 2001
Robert L. Johnson came to the Bush administration's attention when it needed him most. The cause of the White House's duress was an annoyingly munificent collection of millionaires, headed by Bill Gates Sr., who had banded together to oppose President Bush's plan to abolish the estate tax. In newspaper ads and press conferences, they held forth on the obligation of the wealthy to give back to society. So effectively did they seize the moral high ground that even the most fervent opponents of the estate tax resigned themselves to it.